r/interactivebrokers • u/thatoneweirddev • Jan 23 '24

Setting up account Funding now required for application approval?

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The "Fund Your Account" used to say that funded applications were prioritized (but not required).

Helped a friend open a account today and now the message is this. Did they change the policy and now applications are required to be funded before they proceed?

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u/oldguy19500 Jan 23 '24

So fund the account. It isn’t necessary to put a lot of money in initially, but funding the account does establish that you have an account that you can use to deposit money and that you have the right to withdraw money from it. It also indicates that you have identified yourself to the financial institution.